Wall Street 1987

In 1987, panic was spreading through Wall Street with a phone. About $1 billion has lost the stock market in four days, and it took more than a year to restore that fall.

"We went to the market, and people literally went out on the street, and remembers a 47-year-old Hedge funder Ecofin who was a clerk at Salomon Brothers in 1987. You're standing on the street, on the sidewalk, and people walk out of buildings and fall. And the guys with tears on their faces are trying to comfort each other."

During this exchange crisis, Baek-ofis worked at night for several months to cope with record levels on the New York Stock Exchange and Nasdaq. ICAP Director Kenneth Polkari said that the reason for the start of sales could not be understood and NYSE traders were not fully informed. "The clients called and left applications earlier than usual, said Polkari, who was working in William Latham Co in 1987. You could've figured it would be a special day when you picked up the phone. It felt the voice of the clients, it was clear on the applications. Instead of applying for 10,000 shares of General Electric or Johnson, Johnson was the words "Sold 150,000. Sell, sell, sell." Some Salomon Brothers have not been home for days."

Although investors ' confidence in the stock market had been eroded for a long time, investment in stock immediately after the black Monday would be very good. Procter " Gamble and McDonald’s " increased by more than 80 per cent since 1987, and in Morningstar conducted a study that $100,000 investment would now bring $137,000.